Cybersecurity Dive reports:
Conduent said it may face additional financial risks related to a January 2025 attack that impacted a number of state governments and other organizations.
The attack at the New Jersey-based payments contractor led to data breaches across a number of organizations, including state government agencies and insurance providers. In the state of Wisconsin, child support payments were temporarily disrupted.
The stolen data involved a significant amount of personal information belonging to the end users of Conduent clients, according to a regulatory filing with the Securities and Exchange Commission.
Conduent accrued $25 million in non-recurring expenses during the first quarter related to breach disclosure requirements. The company began issuing notifications in October, with filings made to the Maine and California attorneys general and to numerous other agencies.
Read more at Cybersecurity Dive.
